BUYING FROM A PRIVATE PARTY VS. A DEALERSHIP
There are a lot of things to consider when purchasing a car, and buying from a private party is no exception. Here are four things you should keep in mind if you’re thinking about buying a car from a private seller.
YOUR FINANCING OPTIONS MAY BE LIMITED.
If you’re looking to finance your purchase, you will have to arrange for your own financing. If you have less than perfect credit, this could limit your financing options. Dealerships are in the business of selling cars and have a network of sources to work with.
WARRANTIES MAY NOT BE AVAILABLE.
When you buy a car from a dealer, it could possibly come with a warranty or at least once could be offered to purchase. However, when you buy from a private seller and something goes wrong with the car, you probably don’t have any recourse.
THE CAR MAY NOT BE INSPECTED.
Most dealerships have some sort of inspection process for the cars they sell, but private sellers aren’t required to have their vehicles inspected. This means that you could be buying a car with serious mechanical issues and not even know it.
THE PURCHASE COULD BE MORE COMPLICATED THAN YOU THINK.
There are a lot of paperwork that goes into buying a car. If you’re not familiar with the process, it can be very confusing and even overwhelming.
If you’re considering buying a car from a private seller, make sure you do your research and understand all the potential risks involved. It’s important to remember that you could be buying a lemon and end up being stuck with a huge bill for repairs.
YOU HAVE TO FIND A BUYER FOR YOUR OLD CAR
If you already have a car and need the money to buy a new one, you will need to figure out what to do with your old car.
THERE COULD BE TITLE ISSUES
When buying from a private party, you will want to run a title check before finalizing the purchase. You will also have to handle all the paper work and registration yourself.
We understand that you want to get the best price when buying or selling your car. Bring your car into our dealership and we will give you an instant offer. We want your vehicle, and we will pay you top dollar to put it toward a New Car, Truck or SUV. Call or visit today